SELECT PORTFOLIO SERVICING Ripoff Reports, Complaints, Reviews, Scams, Lawsuits and Frauds Reported Your Search: select portfolio servicing. Were they clear about the terms and conditions? They tell you they can help with the programs they have. the mortgage is 760 and the taxes 1166. i have tried for year s to modify. We CANT let them! Dated between 2019-12-06 and 2012-02-28. International Banking CFPB Complaints SELECT PORTFOLIO SERVICING, INC Complaints by Product Latest Complaints 2019-12-04 Countyline, NC Trouble during payment process Mortgage: Conventional home mortgage We tried to work with them for years. I had an adjustable mortgage and two years my interest went up so I was referred to an attorney through someone that I know. One of the most unethical companies Ive experienced. Please add me to any lawsuit against SPS. I call SPS and they tell me they will send me the paperwork and never do. At some time after that, Fleming was unable to make monthly payments and defaulted on the loan. I have been trying to get somewhere with them for over 9 months and getting no where. i am broken hearted at thought of losing my home with my disabled child. I never expected that in America, a thief would get the key and tap into their shoulders for the financial crime they committed. the sad thing is nothing will come of anyones complaints or lawsuits. Required fields are marked *. My Nightmare began the day my mortgage was transferred to them for servicing after a CH 13 BK in which they didnt lose a dime! For three years I have been trying to request a modification with them, each time they tell you to send in paperwork. This was after I was out of work for one year on a forbearance program and when I got a job I call them and let them know and its been a run around for 5 months and now theyre threatening on April 13th to foreclose on my house unless I come up with $16,000 that is in the Rears. Lying to Judges I have been trying to sell the house in a Short Sale. The Select Portfolio Servicing class action lawsuit asserts that the company is a "special servicer" of residential mortgage loans, meaning it collects on defaulted or delinquent mortgages. So because we have over $100k in equity in our home we believe they were trying to take our home as we find that chase bank is in trouble again. The Select Portfolio Servicing unfair debt collection practices lawsuit alleges that those communications to the Riveras violated the FDCPA in at least two ways. I didnt want that, sps counselor said turning over the house would save my credit. O'Brien alleges that defendants' efforts to enforce the mortgage on her property are predatory because they knew at the inception of the loan that she would never be able to repay it. They are ONLY a Servicing company SPS is a credit intermediary not permitted in the United states; Claim forms are usually not made available to consumers until after a court approved settlement is reached. I know how hard it can be. Additional information General Correspondence P.O. My home has been foreclosed upon because they did not want to work out any deals with deed in leu . Ct. Travis County, Tex. We will use these documents to determine your eligibility for our deed-in-lieu option. These unlawful deceitful practices must stopId like to join in based on the principle!!! I also have Select Portfolio Servicing, Inc. and I been have issues with SPS illegal fees of a Loan Modification because in my situation my principal of my mortgage is $122k (Libro Loan in 2005 with % rate of 8 to 15%) but they added fees and past due payments to $265k and my home is only worth $90k . They send you around the mulberry bush asking for the same paperwork and then saying they never received it. Aug 20, 2021 PRINCETON A woman is suing Select Portfolio Servicing for breach of contract, fraud and violations of the West Virginia Consumer Credit and Protection Act. I paid that am out plus have been current in my payments ever since. But Bank of America still provided the funds according to my lender place insurance and got my home fixed back up. I had my house for sale and the sale fell through after 3months. Consumer Protection Laws: TILA, RESPA, TILA and RESPA combined, The ECOA REG. settlement administrator or your attorney for any updates regarding Looking at other comments I dont think they have helped any one. I called AHL and told them to send my escrow account to SPS and they assured me that they had already done that and even sent me a letter saying they transferred it. Mind you it was lender place insurance. The court granted her a discharge in July. Dec 28 2016. On my statement, there was a section that says This Is The Amount You Need To Pay To Bring Your Account Out Of Delinquency. They are doing the same thing to my mom and dad in Gilbert SC. ( outside the United States). America mourns for Her people. Since the purchase of my loan in 2013 it has been a complete nightmare. As for myself, they should be shot down once and for all, they are endangering our Country, they are threat to our Democracy and our Constitution, as they demoralize homeowners, families, our Courts and Judges. This stops any other bank from redoing the loan. I have been trying for YEARS to sell home. I tried continuously to modify my loan after falling behind. ( I did get and settlement check from that lawsuit) 2. When I called all I I am currently in a modification because after being switched to SPS my intrest rate increased after being told no changes would be made. Box 65450 Salt Lake City, UT 84165-0450 Please write Will not give us our ESCROW! We have refinanced an equity loan which banks do not resell. Was the youngest Manager of four and achieved rapid promotion through the ranks in three years. All offers were denied. Salt Lake City Utah For them to do so is FRAUD and they can be sued for it!! status of any class action settlement claim. SPS sends me many letters each week telling me I am in default of the loan even though I pay on the 1st of every month, but not the amount that they say I am to pay. *If you. NOT. working with cuban Drug Lords Ref. All over the country and getting away with it! My original loan was for $75,000 now they want a $140,000 payoff SOMEONE HELP!!!!! All I can say is WOWHELP!!!!!!!!? This case was filed in U.S. District Courts, Florida Southern District Court. slect porfolio servicing aka SPServicing Scammed, Bullied, Reported false information to Credit Bureaus Salt Lake City Utah. They lie about paperwork when you send it or what you should send to them! Select Portfolio Servicing is the defendant in a lawsuit that claims it refused to send the plaintiff information he requested pertaining to one of two mortgage loans. creating another long drawn out process. Same situation home sold by HFC and Select Portfolio Servicing had been send mee all type of late charges and false documents. Counsel at Wargo, French & Singer on Monday removed a lawsuit against Select Portfolio Servicing, Deutsche Bank and JPMorgan Chase to Georgia Northern District Court. also brought charges of money laundering against H.S.B.C. So, they keep sending threatening letters stating my home will be escalated to foreclosure if I dont make the full payment. Luckily sold house day before sheriff sale and still got threatining calls 6 months after sale, stay away from this company if at all possible, I have had it with sps i seriously recommend that we sue sps into foreclosure, I went and got a lawyer to do A DEED IN LIEU so they can have there ELEPHANT AND ALL THE TRIMMINGS THAT GO WITH IT i am finished with these ass-wipes my original mortgage was 63,400 in 2006 and we are in 2018 and i owe 65,300 how in the hell did this happen can someone tell me, You think thats bad? Did they ask you the same more than once? Now SPS is threatening to raise my interest rate to 3% and then 3.75% the next year. Recently we were on a payment plan for our taxes 1/2 Nov and 1/2 June. Read our Newswire Disclaimer All they keep talking about it sell sell sell turn my house over to them. This outfit needs to be exposed! Lynn, Hello I am in the same boat same story.. That lawsuit alleged that Select Portfolio Servicing received illegal kickbacks from the insurance company it used when the debt collector had to obtain insurance on a debtors property. If there is a class action against them Id love the chance to run this company out. I inquired how What and who do I need to contact. I obtained a modification in 2011 due to divorce and in 7 years had 7 servers. I agree, we have dealt with the company for a couple of years and their goal is to have you lose your home so they can make a profit. I want to get away from this company but they wont allow me to refinance with anyone else. they take my payment and double it for one year and leave me with a large balloon to pay in 12 months that is about 200kthats there idea of a plan to fail. document.getElementById( "ak_js_5" ).setAttribute( "value", ( new Date() ).getTime() ); @2023 Top Class Actions. Ballooned our loan from $598 to $1250. Select Portfolio Servicing Inc. One Sept 22nd I spoke with a customer service rep about assistance due to Hurricane Irma. When you have lost your home, acted in good faith, and lost your sanity, it is when they are fined and you may receive a $100.00 for the GREAT Class Action. Time for the halftime show! I am very disappointed. At the maturation of the mortgage in 2036, I will essentially owe about 70% of refinanced amount under the HARP modification. I have had a letter from 4 different law firms companies that has taken over this account and trying to foreclose on my home August 77th 2018. Tip #1 So make your payment via a bank wire and if they say they didnt receive it your federally backed bank lawyer will jump in for you and prove you did make that payment on time. I am ready for a lawsuit if there us one. They say I owe over 250,000 on a home I purchases 15 yrs ago for 120,000. Order 6, Plaintiff is provided the Notice of Right to Consent to Proceed Before A U.S. Magistrate Judge. The Automatic Stay Class is similar, but it is for persons Select tried to collect from while they were actively in bankruptcy proceedings. They are a Threat to the General Public. https://topclassactions.com/wp-admin/admin-ajax.php. HELP I am currently trying to get a modification on my mortgage with SPS , after filing chapter 13 to save it after they refused the first modification, Help what do I do. 19-10204 (11th Cir. S u need to search lawsuits thats all pertain to yourself and stop. Having trouble trying to save my home from these thieves!! How do we sign up????? SPS would never give me dates/amounts/ownership of loan. after 2 previous probationary warning shots upon the third were stripped of their right to forclose.. Then they offered me a modification with a $20,000 balloon payment and $1064 a month. To collect on those debts, the Select Portfolio Servicing unfair debt collection practices lawsuit contends that the company must follow federal laws, especially the federal Fair Debt Collection Practices Act (FDCPA). W.T.F. When they took over from Accredited Home Lenders my payments went up $362 a month without any reason given to me. SPS PORTFOLIO HAS TO GO!!! Select Portfolio Servicing has an average consumer rating of 2 stars from 44 reviews. The F.B.I. They refuse to work with you, they increase your notes higher to make sure you fail. Someone PLEASE CONTACT ME. Select Portfolio Servicing Inc ., a homeowner's conservator, Reese, sued a mortgage servicer, SPS, for HBOR and UCL violations after the mortgage servicer initiated foreclosure proceedings.. Long story short, I am getting out of long nasty marriage, attempting to fix my credit after years of me trusting spouse on finances. WHY is this company STILL in business after being caught and fined so many times yet theyre getting away with STEALING our homes!! Servicing of mortgage loans and administration of escrow accounts. Jacksonville, Florida, United States. When I spoke to them they couldnt answer for the added ,$1405.00 reported to my credit report! And at some point after that, Select acquired servicing rights to the mortgage loan. then they send me a new letter saying different paper work is missing this been going on for seven years. I wish to contact this lawyer as well I have SPS and theyre Crooks . If someone can give us some advice, I would greatly appreciate it. Our mortgage is underwater, which means we owe more than the house is worth. No refince with them or documents signed. Whom do I contact for more information regarding a lawsuit against SPS? They sell off and buy back your mortgage and you end up owing more than when you started, Can you explain what do you mean. Even after hiring an attorney , who also received the same problems and delays I was forced to file a chapter 13 . Select Portfolio Servicing As an Attorney Advertising Service Select Portfolio Servicing is one of the leading providers of portfolio servicing. your claim status, claim form or questions about when payments are I am a veteran I served six years in the military only to be homeless? You can change these settings at any time. This is a higher than average score with the overall rating of Select Portfolio Servicing employees being 2.8 out of 5 stars. It is unbelievable and very stressful to deal with this company. The Settlement simply allowed the Investment Company not to fall into the DOJs black List, like BOA and Wells Fargo did. If it is NOT.. The complaint says that it also secured the repayment of a second mortgage loan in the amount of $90,000 issued to [Fleming] to fund the purchase of the Property.. More than 86% of the aforementioned statistics are loans originated before 2008. ialso pays to do a ferinzic audit .i did now i can sue them all. Now they are billing me for $3000 in attorney and drive-by fees. After the required 3 forebearance payments, they n9eglected to take out the automatic payment, then blamed me,added more fees, forcd placed a fake insurance policy, and once we worked out yet another not so great modification, efused the first payment by adding MORE fees. Select Portfolio Servicing has resolved 9 complaints. Instead they dragged it out for years making it almost impossible to still be eligible as they would not accept any mortgage payments during this whole time. I just found out that SPS has basically duped me out of $40k. They dont purchase loans. Then they try to foreclose on your home you have been in for years and you try to work with them on different options to no avail. Does THAT sound familiar to you, did that happen to you, a friend or a family member? 2, Report #1408758. Is there is anyone reading this that can add my name to the class-action I would be happy to talk with them thank you Jim, Select Portfolio Servicing should be thrown out of business, Add my name to the Class Action Lawsuit. This is one of the most unprofessional companies that I have ever come across. Fake documents filed at the registry of deeds and they have NO accounting of any previous payments and try to foreclosure on homes they did not have rights to! 15, 18.) My husband n I have be cheated out of refinancing n I have not filled any request for our equity that we shoud bolt up over these 19 year weve owned made our payment it went from champion mortgage to h s b c then beneficial to this s p s n no one has informed me personally about any law suit or anything n I would like to know how someone signs I up online with out your pemiison ???? how could i pay off my mortgage and still owe 90k on my house? It is unbelievable and very stressful to deal with this company. According to the complaint, Select Portfolio Servicing has a portfolio of over 33,000 "special servicing" loans totaling around $4.8 billion. I can go on and on, but I pray that God sends someone to all the people who they deceive, so we can overcome this nightmare! PLEASE ADD US, JOSEPH and VENUS WILLIAMS! Please contact me! I definitely believe they are fraudulant and they are illegally trying tot take my home. They make it so hard to gather information that it is hard to know what to do. It has been 6 months, as SPS keeps denying paperwork, requesting resubmissions of paperwork, stating that they did not receive paperwork or the resubmitted paperwork. I never received anything from an attorney. That Tip #2. 6. I sent it to SPS and they told me that they never received the money. We cant refinance, cant amend the mortgage, etc. They want us weak and worn down! 100% agree they are just stealing our properties with help of judges. Select Portfolio Servicing said a clause in their original loan provided a 20-year option. I HAVE FILED A COMPLAINT AGAINST THIS FRAUDULENT COMPANY WITH THE US CIVIL RIGHTS DIVISION, US CRIMINAL INVESTIGATION DIVISION AND THE FEDERAL TRADE COMMISSION BECAUSE MY MORTGAGE WAS COMPLETELY PAID OFF IN AUGUST 2018 WHEN I WAS TOLD THAT I HAD TO RETIRE DUE TO MY DISABILITY AND THIS COMPANY CLAIMS THAT THEY OPENED A MORTGAGE LOAN UP ON MY HOUSE IN September 2016 but they lied about because I refinanced my house with Rushmore Loan company on the same day for the exact same amount of money as the truthful mortgage company did . Location Loris, SC. Our account number if you go to the bank is still connected to Chase Bank. Gavin June 18, 2021 June 20, 2021. Select Portfolio Servicing, centers on laws that combine to require entities governed by the Federal Debt Collection Practices Act to charge borrowers a statutory interest-rate applicable in New Jersey when a foreclosure judgment occurs, said Ari Marcus, an attorney for the plaintiff. SELECT PORTFOLIO SERVICING, INC. Case Summary On 08/08/2019 GARAY filed an Other - Arbitration lawsuit against SELECT PORTFOLIO SERVICING, INC. But according . For three years I have been trying to request a modification with them, each time they tell you to send in paperwork. I have to pay a fee for a payoff quote, I have to pay a fee to make my mortgage payment by check, a fee to pay by phone, a fee to pay online but free if I let them withdraw the payments from my bank automatically..fine print says payment amounts will vary but will include the full amount due including interest, fees and other charges and past due amounts. Help me before their get started. We keep getting letters from their lawyers saying they are going to foreclose on us. I received an escrow check from SPS inc made out to my ex-wife and myself. I have been required to carry insurance for sps and I have been wrongfully forclosed upon with all the typical bs.from sps. I have also contacted my congressman and filed a complaint with them and they got in touch with them and tried to talk on my behalf. My husband and I broke up and he left the house and it was in foreclosure I paid all the fees I got sick and I went on that HARP program which they said they forgave $12,000. I know 5 other people that would gladly join this lawsuit against those CROOKS. You may want to consult your own attorney, and should you choose to go that route, we recommend checking out http://www.consumeradvocates.org/find-an-attorney. Click Change Settings if you want to tailor the use of your cookies. That is a violation of my Civil Rights that are protected and covered under the ADA ACT. The person represented SPS and the person was driving a car with license plates registered to a truck. Author: New Castle, Delaware. We showed proof of our loan and we were lucky our bank helped us through a refinance. I called SPS to catch up on the payments and they said they closed my loan and I would need to sell the house and pay the loan in full. SPS is the worst company I have ever dealt with, missing paperwork turns into outdated (all of which is false) keep delaying until they can foreclose. We are paying interest only on like 50k at a 9% and after 30 yrs we owe them 153k wth!! They also said because they are not a bank I cannot do a loan modification. All Rights Reserved. Pay extra for the privilege of deciding how much to pay them or let them empty my bank account every month since its free. Thats what they want! I am owed another escrow check It has been a nightmare and there has been my forged signatures to documentsee trying to undercut the firm handing my case. This company for real needs investigated. I was livid. Hello there my name is Raymond and I did get a loan modification from SP servicing,I ask for a interest rate reduction they did not give me that, they gave me a 40 years term I had a 30 year term now its 40 years,they only lower my payment no more than $60 a month, they did this in about 30 days. Both agencies claimed the company was engaging in unfair, deceptive, and illegal practices in the servicing of subprime mortgage loans. I would also like to add my name to any class action lawsuit against SPS. Credit Ratings, Research and Analysis for the global capital markets. Yet loan sold again but no proof of ownership!

What Is The Recommended Ratio For Lifeguard To Swimmer, Articles S